DoubleVerify Q2 rev $155.9M (+17%), EPS $0.04; raises FY2024 guidance

DoubleVerify Holdings, Inc.

2024-Q2 EPS reported $0.08 revenue$296,672,000

GAAP net income $7.5M ($0.04 diluted EPS) vs. $12.8M ($0.07) in Q2 2023; adjusted EBITDA $46.8M (30% margin).
Activation revenue $87.5M (+12%), measurement $54.8M (+22%), supply-side $13.6M (+26%).
Social measurement revenue +44% YoY; CTV media transactions measured +55%.
Board authorized $150M stock repurchase; $50M executed in Q2 and after quarter end; $100M remaining.
Raised FY2024 revenue guidance midpoint to $671M (from ~$665M); adjusted EBITDA midpoint to $210M.

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